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The thing people who are against crypto mining miss is that the cryptocurrency industry is economically self sustaining. Electricity burned on mining crypto is
by Ajedi32 3y ago
The thing people who are against crypto mining miss is that the cryptocurrency industry is economically self sustaining. Electricity burned on mining crypto is not wasted, it is used to maintain a system that is objectively more economically valuable than the electricity itself is.
Trying to regulate what people are allowed to spend their money on just because you personally don't agree those things are valuable is a fool's errand.
To the extent there are negative externalities associated with electricity use those externalities are not specific to crypto, therefore singling out crypto for attack just because it uses electricity is unfair and harmful to the broader economy.